Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

Devolution settlements in Scotland, Wales and Northern Ireland: institutions, legislative competence, reserved matters and post-Brexit implications

Published by a LexisNexis Public Law expert

Practice notes

Devolution describes the transfer of decision-making and governance to subordinate tiers of the state within the nation-state. Domestically, in the UK context, it means granting the smaller nations their own distinct governmental and parliamentary arrangements. This Practice Note outlines the relevant statutory Law-making institutions established in Scotland, Wales and Northern Ireland.

Brexit impact—devolution

UK devolution interacts intricately with EU law and competences, so it is affected by the UK’s departure from the EU. For general updates on the process and preparations for Brexit, refer to Practice Note: Brexit timeline. For more on how Brexit bears on devolution, see News Analysis: Examining the impact of Brexit and UK-wide common frameworks on devolution.

Devolved institutions and their law-making powers

Each of Scotland, Wales and Northern Ireland has a single-chamber legislature of elected members, with some members also serving as Ministers carrying out executive functions as part of their respective devolved arrangements...

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Web page updated on 21/05/2026

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